(may 30, 2024 – AUSTIN) – Griffin Partners and Transwestern Real Estate Services (TRS) announce that construction on Carter Crossing, a 137,171 Class A freestanding distribution building located strategically off Beltway 8 and I-45, has commenced. Transwestern’s Craig Bean and Brian Gammill will provide leasing services on behalf of Griffin Partners.
“Our team is excited to start construction on this infill project in the bustling North Houston submarket” said Travis Covington, President of Development at Griffin Partners. “Having developed two successful projects in close proximity, we are confident that we will continue to see tenants seeking smaller quality Class-A Industrial space in this prime location.”
The speculative building will boast 3,707 square feet of pre-finished office space, a 32’ clear height, 60’ speed bays, 28 dock-high loading doors, abundant parking, and a fully fenced/gated truck court.
“The thoughtful design of Carter Crossing is both functional and modern and allows the building to accommodate users in varying size ranges, all the way up to a full-building deal of 137,171 square feet.” said Bean. “This is particularly important today, as most industrial tenant activity in North and Northwest Houston over the past 12 months has been concentrated in the "shallow-bay" space, referring to tenants occupying 150,000 SF or less.”
Carter Crossing is located on Greens Parkway, just north of Beltway 8 in the North Houston submarket. According to Transwestern Research, the North submarket saw a positive net absorption of 1.2 million square feet in the first quarter of 2024 and currently has 1,391,998 square feet of warehouse/distribution space under construction, nearly 500,000 square feet of which is pre-leased.
Griffin Partners acquired the nine acres with plans for this development in late 2023.
Hi-Res renderings and photography from the groundbreaking are available for download here.
About Griffin Partners
Griffin Partners is a commercial real estate investment, development, and property management firm founded in 1980 by Fred Griffin. Headquartered in Houston, Texas, Griffin Partners cumulatively has acquired or developed over 19 million square feet of space across more than 85 projects comprised of 124 individual properties, with an aggregate value that exceeds over $2.6 billion. The company owns and operates properties throughout Texas, Colorado, Arizona, Utah, Tennessee, and North Carolina. For more information on Griffin Partners, visit www.griffinpartners.com
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.
Media Contact:
Montgomery Angel
346.232.8625
Montgomery.angel@transwestern.com
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